Tuesday, July 10, 2007

Yen Retreats From 1-Month High; Speculation Japanese Individuals Selling

(Bloomberg) -- The yen erased an advance to a one-
month high against the dollar on speculation Japanese retail
investors are selling the currency in search of higher returns.

The yen traded at 121.76 per dollar at 9 a.m. in Tokyo
from as high as 120.99 and from 121.74 late in New York yesterday.
Japan's currency traded at 167.41 per euro from as high as 166.61.


Read more at Bloomberg Currencies News

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